Pason Systems Inc. (PSYTF)

11.64 -0.33 (-2.78%) At close: 11:32AM EDT

Pason Systems Inc.

6130 Third Street SE
Calgary, AB T2H 1K4
Canada
403-301-3400
https://www.pason.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Jon Faber C.F.A., CPA, CBV	President, CEO & Non-Independent Director	756.45k	161.12k	1980
Ms. Celine Boston	Chief Financial Officer	406.07k	30.25k	N/A
Mr. Bryce McLean	Vice President of Operations	406.07k	113.84k	N/A
Mr. Lars Olesen	Vice President of Product & Technology	N/A	N/A	N/A
Ms. Natalie Fenez	VP of Legal & Corporate Secretary	N/A	N/A	N/A
Ms. Heather Hantos	Vice President of Human Resources	N/A	N/A	N/A
Mr. Timur Kuru	President & GM of United States	758.81k	N/A	1975
Mr. Ben Thomas	Director of Support Services - United States Business Unit	106.09k	222.94k	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Pason Systems Inc., together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services. It offers AutoDriller to maximize the rate of penetration and bit life; internet solutions, such as auto-aiming satellite dishes, data modems, and bandwidth management software; DAS, a rotary drilling automation and optimization software; Electronic Choke Actuator that controls the choke valve; Gas Analyzer that provides real-time compositional gas analysis; Hazardous Gas Alarm System that detects the presence of hazardous gases; Pit Volume Totalizer, which monitors mud volumes and flow rates during drilling, tripping, and casing operations; and Toolface Control, a directional automation software. In addition, the company provides phone, chat, field, and drilling optimization support, as well as proactive monitoring and office support for data integration. It serves drilling contractors and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

Corporate Governance

Pason Systems Inc.’s ISS Governance QualityScore as of April 29, 2024 is 7. The pillar scores are Audit: 2; Board: 8; Shareholder Rights: 5; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.